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Working Paper
Capital gains taxation and the demand for owner-occupied housing

Working Paper Series / Economic Activity Section , Paper 92

Working Paper
Measuring the incentive effects of state tax policies toward capital investment

Empirical research on the effects of differential business taxation across jurisdictions relies on the appropriate measurement of the burden of tax in each location. While numerous summary measures have been proposed and used in various contexts to make such comparisons, most fail to account for the full effects of each state's tax system and the interactions of state tax systems with both local and federal taxes. This paper addresses these issues and employs an approach used in recent state tax reform studies to measure tax burdens. The advantages of this "representative firm" approach ...
Working Papers , Paper 01-04

Journal Article
A little-talked-about solution to the long-term budget problem

Minneapolis Fed Vice President Preston Miller suggests that long-term federal budget problems, exacerbated by the needs of an aging population, might be alleviated by a new approach to funding benefits received by that same aging population.
The Region , Volume 16 , Issue Dec. , Pages 56-57

Journal Article
Are state R&D tax credits constitutional? an economic perspective

This Economic Letter discusses how the unique economic nature of R&D may bear on the question of the constitutionality of state R&D tax credits. In particular, I discuss the conditions laid out by the U.S. Supreme Court for determining the constitutionality of a state tax credit and how economic research can play a critical role in assessing whether these conditions are met.
FRBSF Economic Letter

Journal Article
Commerce clause restraints on state tax incentives

The Region , Volume 10 , Issue Jun , Pages 60-63

Working Paper
Tax structure, welfare, and the stability of equilibrium in a model of dynamic optimal fiscal policy

A demonstration that the assumed structure of taxation can have dramatic effects on economic welfare and on the stability of the steady state in a dynamic general-equilibrium model of optimal fiscal policy. The authors find that household welfare is highest under a structure that includes separate tax rates on labor and capital incomes, double taxation of dividends, and tax-deductible depreciation.
Working Papers (Old Series) , Paper 9410

Conference Paper
Seigniorage as a tax: a quantitative evaluation


Discussion Paper
Political economy of taxation in an overlapping-generations economy

This paper builds a simple but complete model of a political system to analyze the effects of intergenerational conflicts on capital and labor income tax rates, transfers, and government spending. I show how the different nature of tax liabilities for the young and the old can explain why the old receive large gross lump-sum transfers through social security, while the young receive little or none. I also show that there is a natural link between the size of the government as a provider of public goods and the magnitude of transfers that the same government will implement.
Discussion Paper / Institute for Empirical Macroeconomics , Paper 133

Comment on Mendoza and Tesar's \\"Why hasn't tax competition triggered a race to the bottom? Some quantitative lessons from the EU\\"

With a monetary union in place, many European countries are now debating if and how to coordinate their tax policies. Of particular interest to EU ministers is taxation of mobile factors like capital. Mendoza and Tesar (MT) use a game-theoretic approach to address the question, What is the outcome of tax competition and tax coordination when countries choose the tax on capital income and adjust other tax rates to keep revenues constant? MT predict very large welfare gains (losses) to tax competition for European countries that had high (low) tax rates prior to financial integration. In ...
Staff Report , Paper 348

Journal Article
The neutrality of Massachusetts' taxation of financial institutions

The provision of financial services has changed dramatically over the past two decades. Technological innovation and deregulation have extended providers' geographic range and broadened the array of products they are capable of delivering. These changes have intensified competition among financial service firms. In recent years Massachusetts, like other states, has passed legislation designed to narrow disparities among the tax burdens of these institutions. At the same time, the Commonwealth has passed tax cuts designed to enhance the competitiveness of Massachusetts-based financial ...
New England Economic Review , Issue May , Pages 41-56



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Tannenwald, Robert 11 items

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